Michigan Adopts Legislation Impacting the PEO Industry
Michigan Adopts Legislation Impacting the PEO Industry
Is your current PEO licensed in the State of Michigan? Beginning September 1, 2012, a person shall not provide, advertise, or otherwise hold itself out as providing professional employer services in the state of Michigan unless licensed under Act 370 of 2012. This new legislation, which was modeled after many other states that have a similar law, provides a consistent framework for regulation and clarifies how PEOs operate in Michigan. Potential and current clients of PEOs are set to receive added assurance from this new legislation. With the new Act requiring audited financial statements and net worth requirements, among many others, clients are given an extra layer of comfort knowing they can choose a PEO with a healthy financial and operational history.
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All writers specialize in Professional Employer Organization (PEO) business services such as Workers Compensation, Mergers & Acquisitions, Data Management, Employment Practices Liability (EPLI), Cyber Liability Insurance, Health Insurance, Occupational Accident Insurance, Business Insurance, Client Company, Casualty Insurance, Disability Insurance and more.
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